Electronics Makers Forge Alliances for IoT Opportunities

Electronics manufacturers are forming alliances, partnerships and joint ventures in the global supply chain to tap sales opportunities for connected devices and better position themselves to service the growing market for the Internet of Things (IoT). The number of these alliances forged by OEMs, contract manufacturers, component suppliers, design firms and distributors has surged in…

Wearable Sensors to Grow 45.2% Through 2020

The burgeoning wearable electronics market would likely not exist if it weren’t for wearable sensors. The global wearable sensors market was valued at $70 million in 2014, and is expected to grow at a CAGR of 45.2% from 2014 to 2020, according to a recent report. Wearable sensors are one of the most important components…

Nokia Stays Out of Phone Business for Good

Nokia Corp. said it has no plans to re-enter the mobile communications handset market, effectively curbing growing speculations the company intended to make smartphones in China with a contract manufacturer. In an unusual response, Nokia issued a tersely-worded press statement stating clearly the reports about it intending to make smartphones were “false, and include comments…

Tech Firms Fret Over ‘Chilly’ China

Foreign technology companies and other Western multinational enterprises operating in China are becoming increasingly concerned about recent Chinese government anti-trust actions that they complain put them at a disadvantage against local competitors. The companies are wary of voicing their opinions publicly and are instead using back channels and political pressure from their home governments to…

Microsoft to Cut 18,000 Jobs

Microsoft Corp. today announced a restructuring plan to simplify its operations and align the recently acquired Nokia Devices and Services business with the company’s overall strategy. These steps will result in the elimination of up to 18,000 positions over the next year. Of the total, about 12,500 professional and factory positions will be eliminated through…

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Healthcare Costs Top Manufacturers’ Concerns

Many government initiatives are passed with the best of intentions but with unintended results. In the U.S., small to mid-size manufacturing companies will be spending more on healthcare requirements this year than on expansion and new product development. PrimeAdvantage, a purchasing consortium of small to midsize companies, surveyed its members about their financial expectations for 2014…

Flextronics Places Huge Bet on Google

Google Inc. is fast becoming the hottest must-have partner for many supply chain service providers in the electronics manufacturing industry. With the Web search engine provider expanding its roster of electronics hardware, sales and profit opportunities running into billions of dollars have opened up at the company for semiconductor makers and other component suppliers, distributors,…